Renaissance Technologies LLC Buys 110,235 Shares of Brookfield Business Partners L.P. Limited Partnership Units (BBU)

Renaissance Technologies LLC grew its stake in Brookfield Business Partners L.P. Limited Partnership Units (NYSE:BBU) by 132.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 193,300 shares of the business services provider’s stock after buying an additional 110,235 shares during the quarter. Renaissance Technologies LLC’s holdings in Brookfield Business Partners L.P. Limited Partnership Units were worth $6,675,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Tower Research Capital LLC TRC boosted its stake in shares of Brookfield Business Partners L.P. Limited Partnership Units by 1,921.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,155 shares of the business services provider’s stock valued at $223,000 after buying an additional 4,900 shares during the period. Northern Trust Corp lifted its stake in Brookfield Business Partners L.P. Limited Partnership Units by 10.8% during the second quarter. Northern Trust Corp now owns 18,854 shares of the business services provider’s stock worth $510,000 after purchasing an additional 1,834 shares during the last quarter. K.J. Harrison & Partners Inc lifted its stake in Brookfield Business Partners L.P. Limited Partnership Units by 80.0% during the fourth quarter. K.J. Harrison & Partners Inc now owns 36,000 shares of the business services provider’s stock worth $1,245,000 after purchasing an additional 16,000 shares during the last quarter. Mackenzie Financial Corp lifted its stake in Brookfield Business Partners L.P. Limited Partnership Units by 10.9% during the fourth quarter. Mackenzie Financial Corp now owns 66,830 shares of the business services provider’s stock worth $2,307,000 after purchasing an additional 6,550 shares during the last quarter. Finally, Scotia Capital Inc. lifted its stake in Brookfield Business Partners L.P. Limited Partnership Units by 2.8% during the fourth quarter. Scotia Capital Inc. now owns 121,974 shares of the business services provider’s stock worth $4,196,000 after purchasing an additional 3,368 shares during the last quarter. Institutional investors and hedge funds own 65.97% of the company’s stock.

Several research firms recently weighed in on BBU. Royal Bank of Canada boosted their target price on Brookfield Business Partners L.P. Limited Partnership Units from $41.00 to $42.00 and gave the stock a “hold” rating in a research note on Tuesday, February 13th. Scotiabank boosted their target price on Brookfield Business Partners L.P. Limited Partnership Units from $33.50 to $37.00 and gave the stock an “outperform” rating in a research note on Friday, January 5th. Citigroup began coverage on Brookfield Business Partners L.P. Limited Partnership Units in a research note on Wednesday, December 20th. They set a “buy” rating and a $39.00 target price for the company. Finally, Credit Suisse Group boosted their target price on Brookfield Business Partners L.P. Limited Partnership Units to $42.00 and gave the stock an “outperform” rating in a research note on Friday, January 5th. Five analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and an average target price of $41.40.



BBU stock opened at $38.83 on Friday. The company has a market cap of $2,570.00, a P/E ratio of 138.68 and a beta of 1.71. Brookfield Business Partners L.P. Limited Partnership Units has a fifty-two week low of $24.15 and a fifty-two week high of $41.42. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.13 and a quick ratio of 0.94.

Brookfield Business Partners L.P. Limited Partnership Units (NYSE:BBU) last posted its earnings results on Monday, February 12th. The business services provider reported ($0.35) earnings per share for the quarter. The business had revenue of $8.38 billion for the quarter. Brookfield Business Partners L.P. Limited Partnership Units had a return on equity of 5.30% and a net margin of 0.94%.

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Brookfield Business Partners L.P. Limited Partnership Units Profile

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Institutional Ownership by Quarter for Brookfield Business Partners L.P. Limited Partnership Units (NYSE:BBU)

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